A shopping center. Apartments. Coming near you. Plus: Boise area’s shocking land costs
The latest proposed developments, other construction projects and new businesses around Idaho’s Treasure Valley:
Meridian
A complex of 36 townhouses, The Lofts at The Village, has opened at 3543 E. Tecate Lane — and already it’s up for sale.
“This phenomenally well-located asset is nestled between the shopping, entertainment and relaxation of the Village at Meridian, and the beautiful green spaces of Kleiner Park,” says Colliers, a commercial real estate agency, in a flyer for investors.
Owned by developer Chad Olsen’s Envision 360 Inc., the townhouses are three-story units for rent. A three-bedroom, 1,400-square-foot townhouse was listed recently for $2,000 a month.
Colliers declined to disclose an asking price for the complex in its flyer.
—
Providence Properties LLC seeks to build a 108-house subdivision about a third of a mile south of Chinden Boulevard on the east side of McDermott Road.
The subdivision, Prescott Ridge, would be on 27.4 acres.
The Meridian City Council is scheduled to hear the proposal at 4:30 p.m. Tuesday, Jan. 25, at City Hall.
—
Foundation Supportworks of Idaho is looking to build an office and warehouse in central Meridian.
The 6,110-square-foot office building would be at 368 E. Franklin Road. The accompanying warehouse would have 9,920 square feet, according to the application.
According to the company’s Facebook page, Foundation Supportworks specializes in residential and commercial foundation repair.
—
A national chain seeks to open a restaurant in Meridian.
The 7,818-square-foot Olive Garden restaurant would be at 1399 W. Chinden Blvd., just east of Linder Road.
The project would include a parking lot, landscaping and a dumpster enclosure on 1.4 acres, the application said.
—
Tosu Ramen & Sushi leased 1,712 square feet of retail space in the Ten Mile Retail center on South Vanguard Way, TOK Commercial reports.
—
CSHQA, an architectural firm, applied on behalf of a business to build an Epic Shine Car Wash at 151 W. Overland Road.
—
Nampa
A five-building complex with 18 apartments is planned at 941 Davis Ave.
Taylor Jene Homes’ Davis Avenue Apartments were approved unanimously Jan. 3 by the Nampa City Council.
The complex would have four four-plex buildings and one duplex.
Area residents were concerned about traffic on Midland Boulevard. The project is on the east side of Midland. The council said the city would address traffic infrastructure problems.
—
Sacramento developer LDK Ventures announced plans to break ground in March on a three-building industrial development at an unassigned address on Madison Avenue, just north of Karcher Road.
The three-building complex, called the Madison Logistics Center, would have 345,000 square feet, split evenly among the three buildings. The buildings are expected to be ready by January 2023.
LDK Ventures previously bought the former Shopko warehouse at 1001 E. Gowen Road in Boise. It was leased last year by AZEK, a Chicago company that manufactures building materials.
The Nampa project was announced by Colliers.
Kuna
A new shopping center is in the works.
SH69 Holdings LLC has asked to split 41 acres on the west side of Meridian Road into a north and south side, with the north being 24 acres and the south being 16. The developer said in its application that the split would enable a shopping center development on the south parcel.
SH69 Holdings would have to come back to the City Council with a development application for the shopping center.
The property is located at 1925 N. Meridian Road.
The Kuna City Council is scheduled to hear the proposal at 6 p.m. Tuesday, Jan. 4, at City Hall.
—
Boise
Biltmore Co., a Meridian home-building company, is planning to build 70 to 80 apartments in a complex units at 300 N. Orchard St., between Emerald and Franklin streets on the Bench.
The company held a pre-application meeting with city planners on Jan. 6.
—
Ahrens DeAngeli Law Group has plans for construction of an office building at 3244 E. Barber Valley Drive.
Plans call for the building to be one story, nearly 27 feet tall, with 10,760 square feet of space. BVD LLC is listed as the project’s owner on an application to the city.
—
A sixth Black Rock Coffee could be coming to the Boise area.
Jay Gibbons, a planner for the South Beck and Baird landscape architecture firm who is representing the developer, applied to build a 1,930-square-foot coffee shop with a drive-thru window at 3691 N. Harbor Lane. The project is named Black Rock Coffee.
—
Legendary Pizza LLC leased 1,601 square feet of retail space in Five Mile Plaza at 10346-10500 W. Overland Road, TOK Commercial reports.
—
Jeff Mauzy, owner of Apex Auto Remarketing LLC, proposes to open a car dealership at 5330 W. Morris Hill Road.
In a letter, Mauzy wrote that auto wholesale would be the primary business and there may be five to 10 vehicles on display at the location at any given time.
—
Aptive Environmental, Inc., a national pest-control company, has leased 1,458 square feet of retail space at 1033 S. Broadway Ave., Colliers reports.
—
Garden City
A developer is looking to construct 23 townhouses near the Boise River.
The Garden City Design Review Committee is set to consider a request on Tuesday, Jan. 18, from Marty Pieroni of Treasured Communities Inc. to build the townhouses at 511 E. Remington St. as part of the proposed RiverPath Subdivision.
Reports included in the application packet said the site used to have four mobile homes, which have since been removed.
—
Caldwell
The Caldwell Industrial Airport has a new name, the Treasure Valley Executive Airport at Caldwell.
The Caldwell City Council voted to change the city-owned airport’s name to reflect its growth into a regional business airport.
The airport features more hangars, more based aircraft, and more takeoff-and-landing operations than any other airport in Idaho of any size, the city said in a news release.
—
Notable
Undeveloped land is dear in Ada County, where the average price of an acre of land for commercial development is approaching $600,000, Colliers says.
The Ada County average is $574,248 per acre, up 27% from $451,333 a year ago. The Canyon County average is $339,143, up 8.4% from $312,826 a year earlier.
Among other things, money like that can help some farmers finance comfortable retirements by selling their land to developers.
Nearly 4,000 single-family house-construction permits were issued in Ada County in 2020, and half that many in Canyon, Colliers reported.
—
Suez purchased Eagle Water Co. on Dec. 31 for $10.5 million. The purchase added 4,200 water customers to the company’s service in the Treasure Valley.
Suez plans to increase water rates for Eagle Water customers over time. In 2022, the company says, the average water bill for existing residential customers is estimated to increase by:
- $7.13 a month (less than 24 cents a day) in 2022
- $4.37 a month (less than 15 cents a day) in 2023
- $3.41 a month (nearly 11 cents a day) in years 2024-2028
For Eagle Water commercial customers, the average monthly rate will increase by:
- $40.23 a month ($1.34 a day) in 2022
- $17.76 a month (less than 60 cents a day) in 2023
- $13.85 a month (46 cents a day) in years 2024-2028
—
This story was originally published January 13, 2022 at 4:00 AM.
